BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE: TSE), a global materials company and manufacturer of plastics,
latex binders and synthetic rubber, today announced Joseph Alvarado,
K’Lynne Johnson and Jeannot Krecké have been elected to its Board of
Directors, effective March 1, 2017, replacing three seats held by
members of Bain Capital who have resigned. With these changes, Trinseo
continues to expand the diversity of experience and skills of its Board
members.
“Last September, Bain Capital successful completed
the sale of its remaining stake in the company which completed a
process that began when Bain helped lead Trinseo’s corporate formation
and subsequent IPO in June of 2014. Through Trinseo employees’ hard
work, Bain Capital’s partnership and the dedication of our Board, we
achieved outstanding results and built Trinseo into a successful
enterprise,” said Chris Pappas, President and CEO, Trinseo. “I want to
personally thank Michael Plantevin, Stephen Thomas and Ruth Springham
for their guidance and friendship as Trinseo has evolved during the last
six years.”
Joseph Alvarado has served as Chief
Executive Officer of Commercial Metals Company, $4.6 billion steel and
metal manufacturer, since 2011. He has held executive roles with
companies such as ArcelorMittal, Lone Star Technologies and U.S. Steel.
Previously he worked for Inland Steel in roles of increasing
responsibility within finance, strategic planning, sales and marketing,
and manufacturing.
Mr. Alvarado is also the Chairman of the board of directors of
Commercial Metals Company (NYSE: CMC) and he has also served as a
director of Spectra Energy Corp (NYSE: SE). He received an MBA from
Cornell University, and B.A. degree in economics from the University of
Notre Dame.
K’Lynne Johnson has served as Chairwoman of
Elevance Renewable Sciences Inc., a specialty chemicals company, board
of directors from 2015 to 2106 following eight years as President and
Chief Executive Officer. Ms. Johnson spent over twenty years in the
petrochemical industry with Amoco and BP. At BP, she held both
operational and functional roles and served as Senior Vice President of
the Global Derivatives operating company within BP’s Innovene business.
Ms. Johnson has served on the board of directors for FMC Corporation
(NYSE: FMC) since 2013. She received an MOB degree in Organizational
Behavior, and a B.S. degree in Psychology, both from Brigham Young
University.
Jeannot Krecké has served as Founder &
Chief Executive Officer of Key International Strategy Services since
2009. He served as Luxembourg’s Finance, Foreign Trade, and Sports
Minister in the Juncker Government. Previously, Mr. Krecké was a member
of the Eurogroup from 2004 until 2009. He has worked in collaboration
with a number of audit firms including, Mazars, Arthur Andersen, and
Ernst & Young. In 1992 he co-authored a manual on personal taxation in
Luxembourg, which has since been published annually with the
collaboration of accounting firms.
Mr. Krecké currently serves on the board of directors of JFSC Sistema
(MCX: AFKS or LSE: SSA) since 2012, ArcelorMittal (NYSE: MT) since 2010
and China Construction Bank Europe. He received a degree in Physical
Education and Sport from the University of Brussels.
“As a relatively new fully public company, we will benefit from our new
directors’ current and past experience serving as directors of public
companies, along with their respective operational leadership experience
and governance expertise,” said Pappas. “Joe brings years of experience
in a cyclical commodities-driven industry and significant perspective on
global operations to the board of directors. K’Lynne brings substantial
leadership and management experience, along with technology and
governance expertise to our Board. Jeannot brings expertise in the
governance of private and public companies combined with international
experience and strategic skills to the board of directors.”
About Trinseo
Trinseo (NYSE:TSE) is a global materials solutions provider and
manufacturer of plastics, latex binders, and synthetic rubber. We are
focused on delivering innovative and sustainable solutions to help our
customers create products that touch lives every day — products that are
intrinsic to how we live our lives — across a wide range of end-markets,
including automotive, consumer electronics, appliances, medical devices,
lighting, electrical, carpet, paper and board, building and
construction, and tires. Trinseo had approximately $3.7 billion in net
sales in 2016, with 15 manufacturing sites around the world, and nearly
2,200 employees. For more information visit www.trinseo.com.
Note on Forward-Looking Statements
This press release may contain “forward-looking statements” within
the meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
identify such forward-looking statements. Forward-looking statements in
this press release may include, without limitation, forecasts of growth,
revenues, business activity, acquisitions, financings and other matters
that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied by this press
release. As a result of the foregoing considerations, you are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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Source: Trinseo